Probability Theory for Quants: Desk-First
₹599 · Instant email delivery
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Use coupon code PROBABILITY10 at checkout for 10% off.
About this resource
Probability Theory for Quants teaches probability the way trading, risk and model-validation desks actually use it: as a toolkit for risk, tails, information flow and pricing measures, not as theorems to memorise.
What you get:
- 228 pages: 16 modules and 4 appendices in the Desk2Quant format.
- Every module opens with the idea in plain words and two worked examples, then the full desk-level treatment, then a "Desk toolkit" of 5 further concepts, a Python lab with real output, and a recap with 5 self-check questions and worked answers.
- Coverage: probability spaces as scenario trees; expectation, VaR, Expected Shortfall and coherent risk measures; fat tails, mixtures and stable laws; conditioning, Bayes and filtrations; martingales and optional stopping; Markov chains and rating migrations; Brownian motion and Itô; jump processes (Merton, Kou, Hawkes); change of measure, Girsanov and change of numeraire; copulas and the Vasicek/Basel formula; extreme value theory; estimation, bootstrap and shrinkage; Malliavin Greeks and AAD; rough paths and rough volatility; optimal transport.
- 120 worked examples and 50 Python labs, every number checked.
- Interview toolkit: interview-ready answers in every module, 20 core interview questions, 45+ classic probability problems with solutions, and an 80-problem exam pack with solutions.
- Quant speed toolkits, a master formula sheet and a one-page cheat sheet.
2026 Edition: reviewed line by line, with more than 50 corrections to formulas and solutions. Existing buyers get the new edition from My Access.
Who it is for: aspiring and working quants in pricing, risk and model validation, and anyone preparing for quant interviews.
Coupon: use code PROBABILITY10 for 10% off.
Disclaimer: this material is for educational purposes only. It does not constitute financial, investment or trading advice.
What you get
- Instant digital delivery by email after purchase
- Written by a practising quantitative risk modeller
- Desk-focused material, not textbook theory
Delivery & refunds
Access is delivered by email immediately after payment. See our refund policy, terms and privacy policy.
Frequently asked questions
How is Probability Theory for Quants: Desk-First delivered?
Access is delivered digitally by email after payment is verified. Keep the purchase email so you can find the delivery link later.
Who is Probability Theory for Quants: Desk-First designed for?
It is designed for quantitative-finance candidates and practitioners who want desk-focused explanations, practical diagnostics and interview-ready reasoning.
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